By Rotimi Ojomoyela


Ado-Ekiti—Indication emerged, weekend, that the Federal Government will soon disburse the over $2 billion remaining in the Excess Crude Oil Account, ECA, to state governments to fund capital projects in the states.

Ekiti State Governor, Mr Ayodele Fayose, gave the indication over the weekend while featuring on a radio/television programme, Meet Your Governor, in Ado-Ekiti.

In a statement yesterday, the governor’s Chief Press Secretary, Mr Idowu Adelusi, said the step would be taken for the state governments to be able to embark on or complete some capital projects.

The governor, who added that Ekiti could get about N10 billion from the fund, said: “Nothing is going into the Excess Crude Oil Account again because oil is selling lower than the envisaged price in the international market. That has badly affected all of us.

He explained that the 2015 budget for Ekiti State was based on oil selling at $65 per barrel, but it sells for a little over $40 now.

“That has left our budget performing only in the area of Recurrent Expenditure. You know that I call a spade a spade. Ekiti is expecting about N10 billion when the ECA fund is shared. When it comes, I will tell everybody. I don’t hide things.
“The capital projects that we have embarked upon since we came on board are being executed because we are prudent, transparent and open, and also because we leverage on goodwill with corporate bodies,” he said.Fayose said that considering the tough economic situation in the country, there was no way people could dodge paying taxes, rates and levies, adding that government would be crippled without finances.
He implored butchers to stop protesting the N1,000 levy imposed on them for the slaughtering of cows, warning that anybody caught killing cows in unauthorised places would be fined N50,000.
“It was during my first tenure that we built the abattoir and the place is not maintained. We have to maintain the facility for hygiene, provide where cattle are kept, provide water and yet they are complaining. The additional cost will be spread to others,” he stated. On the reconstruction of Erekesan Market in Ado-Ekiti, the governor gave the assurance that owners of the former shops would be given top priority in the allocation of shops when the new market is built.

“We have done the accreditation of traders through the records with which we paid them compensation. So, there is no need to fear,” he added.

source:www.vanguardngr.com/2015/11/fg-states-to-share-2bn-excess-crude-fund-fayose/

Oyel money

No wonder the descendants of the fallen demon Oduduwa despise Biafra


Oyellllllllllllll

Oduduwa the being said to have descended from heaven

Thank God the Bible made us realise that Satan was cast out of heaven to earth.

EternalTruths:
No wonder the descendants of the fallen demon Oduduwa despise Biafra


Oyellllllllllllll

Oduduwa the being said to have descended from heaven

Thank God the Bible made us realise that Satan was cast out of heaven to earth.

Don't forget that one of the south west state produces more crude oil than ur entire eastern states

EternalTruths:
No wonder the descendants of the fallen demon Oduduwa despise Biafra


Oyellllllllllllll



Oduduwa the being said to have descended from heaven

Thank God the Bible made us realise that Satan was cast out of heaven to earth.

@ bolded, you uncovered a huge spiritual secret of peoples origin right there.

Kyase:

Don't forget that one of the south west state produces more crude oil than ur entire eastern states

You mean Ijaw part of Ondo.


Eyaaaaa


That region is Nigerdelta republic.

Cjrane2:


@ bolded, you uncovered a huge spiritual secret of peoples origin right there.

That's why adekunle and awolowo murdered children


That's why they oppose Biafra even though they despise Biafrans.




Their hearts as demonic as that of their ancestor

[img]http://4.bp..com/-EFKynNPwdzI/VPnFw0M987I/AAAAAAABlBM/rjCiwlX4s3c/s1600/fayose%2Bamala.jpg[/img]

[img]http://3.bp..com/-NYnQq_MAe5Q/VZ70wCYSqlI/AAAAAAAB7Vc/ZVcDV2BkinU/s1600/fay%2Bpalm2.jpg[/img]

Fayose will collect his and spend it in the Bukka with his fellow touts.

These nyanmiris are real nzuzus, mannerless kids.

Fayose continue to bring democracy to d populace by giving us an insight to Wts happening in Aso villa. You taught Obasanjo in ur first regime, now he's a fast learner teaching buhari.

Good job Fayose Osoko

egift:


[img]http://4.bp..com/-EFKynNPwdzI/VPnFw0M987I/AAAAAAABlBM/rjCiwlX4s3c/s1600/fayose%2Bamala.jpg[/img]

[img]http://3.bp..com/-NYnQq_MAe5Q/VZ70wCYSqlI/AAAAAAAB7Vc/ZVcDV2BkinU/s1600/fay%2Bpalm2.jpg[/img]

Fayose will collect his and spend it in the Bukka with his fellow touts.

Can you show Fayose some respect please!? Thanks!

IGBOSON1:
Can you show Fayose some respect please!? Thanks!

Are you saying I "doctored" these images?

Since it is about sharing what is left in ECA, fayose didn't sound in his usual offensive and garage-boy style of speaking whenever buhari's name is mentioned. Idiot!

EternalTruths:



You mean Ijaw part of Ondo.


Eyaaaaa


That region is Nigerdelta republic.

Lol your own finish

Nigerians should rejoice because we have a man who will not only keep this Buhari's administration on his toes but would reveal what needs to be known to the underprivileged masses........the same ECA they (APShits) condemned is now the succour for States under this hypocritical administration.

Phame:
Since it is about sharing what is left in ECA, fayose didn't sound in his usual offensive and garage-boy style of speaking whenever buhari's name is mentioned. Idiot!

You totally missed Fayose's sarcasm at this hypocritical APC-led government.....

Ok

neolboy:
“That has left our budget performing only in the area of Recurrent Expenditure. source:www.vanguardngr.com/2015/11/fg-states-to-share-2bn-excess-crude-fund-fayose/

So Fayose is only running a 100% Recurrent Expenditure - What a tragedy.

He explained that the 2015 budget for Ekiti State was based on oil selling at $65 per barrel, but it sells for a little over $40 now ........such statement irks me! This feeding bottle type of Federalism is not helping component states to be resourceful as many Governors are only just there to decide how allocations from oil revenue will be misappropriated but have nothing in their heads to generate income internally!

tomakint:

You totally missed Fayose's sarcasm at this hypocritical APC-led government.....

he's not being sarcastic, but foolish.